Rocket builder ABL's inaugural launch fails shortly after liftoff, damages launch pad
Publishing timestamp: 2023-01-11 14:42:46
Summary
ABL Space's first mission failed shortly after launch due to an issue with the RS1 rocket. The rocket caused damage to the launch pad and an investigation is underway. ABL has raised $420 million and is aiming to reach orbit with the RS1 rocket at a cost of $12 million per launch. Other companies in the small- and medium-weight launch market have also experienced failures in their missions.
Sentiment: MIXED
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Source: https://www.cnbc.com/2023/01/11/abl-space-inaugural-launch-fails-damages-alaska-launchpad.html